Endeavour Net Tangible Assets from 2010 to 2026
| EDR Stock | CAD 14.86 2.86 16.14% |
Net Tangible Assets | First Reported 2016-12-31 | Previous Quarter 315.9 M | Current Value 323.4 M | Quarterly Volatility 69.6 M |
Check Endeavour Silver financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Endeavour Silver's main balance sheet or income statement drivers, such as Depreciation And Amortization of 22 M, Interest Expense of 800 K or Selling General Administrative of 8.9 M, as well as many indicators such as Price To Sales Ratio of 4.45, Dividend Yield of 0.0481 or PTB Ratio of 2.0. Endeavour financial statements analysis is a perfect complement when working with Endeavour Silver Valuation or Volatility modules.
Endeavour | Net Tangible Assets |
Evaluating Endeavour Silver's Net Tangible Assets across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Endeavour Silver Corp's fundamental strength.
Latest Endeavour Silver's Net Tangible Assets Growth Pattern
Below is the plot of the Net Tangible Assets of Endeavour Silver Corp over the last few years. It is the total assets of a company minus any intangible assets such as patents, copyrights, and goodwill; it represents the physical assets of a company. Endeavour Silver's Net Tangible Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Endeavour Silver's overall financial position and show how it may be relating to other accounts over time.
| Net Tangible Assets | 10 Years Trend |
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Net Tangible Assets |
| Timeline |
Endeavour Net Tangible Assets Regression Statistics
| Arithmetic Mean | 218,490,953 | |
| Geometric Mean | 199,046,063 | |
| Coefficient Of Variation | 38.92 | |
| Mean Deviation | 71,353,003 | |
| Median | 237,367,000 | |
| Standard Deviation | 85,030,435 | |
| Sample Variance | 7230.2T | |
| Range | 312.4M | |
| R-Value | 0.29 | |
| Mean Square Error | 7068.7T | |
| R-Squared | 0.08 | |
| Significance | 0.26 | |
| Slope | 4,863,830 | |
| Total Sum of Squares | 115682.8T |
Endeavour Net Tangible Assets History
About Endeavour Silver Financial Statements
Endeavour Silver investors utilize fundamental indicators, such as Net Tangible Assets, to predict how Endeavour Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
| Last Reported | Projected for Next Year | ||
| Net Tangible Assets | 363.3 M | 193.3 M |
Pair Trading with Endeavour Silver
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Endeavour Silver position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Endeavour Silver will appreciate offsetting losses from the drop in the long position's value.Moving together with Endeavour Stock
| 0.99 | AG | First Majestic Silver | PairCorr |
| 0.92 | IE | Ivanhoe Energy | PairCorr |
| 0.97 | ORE | Orezone Gold Corp | PairCorr |
| 0.69 | FDR | Flinders Resources | PairCorr |
| 0.9 | FDY | Faraday Copper Corp | PairCorr |
Moving against Endeavour Stock
| 0.72 | AAPL | Apple Inc CDR | PairCorr |
| 0.72 | AAPL | Apple CDR | PairCorr |
| 0.66 | MSFT | Microsoft Corp CDR | PairCorr |
| 0.66 | MSFT | Microsoft CDR | PairCorr |
The ability to find closely correlated positions to Endeavour Silver could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Endeavour Silver when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Endeavour Silver - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Endeavour Silver Corp to buy it.
The correlation of Endeavour Silver is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Endeavour Silver moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Endeavour Silver Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Endeavour Silver can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out the analysis of Endeavour Silver Correlation against competitors. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.